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Tesco takeover of Booker gets go-ahead

From BBC - November 13, 2017

Tesco's 3.7bn takeover of food wholesaler Booker has been provisionally cleared by the UK's competition regulator.

The Competition and Markets Authority (CMA) said the deal could even increase competition in the wholesale market and reduce prices for shoppers.

It added that Tesco and Booker did not compete head-to-head in most of their activities.

In particular, it said Tesco does not supply goods to the catering sector.

The CMA concluded that the wholesale market would "remain competitive in the longer term" , because Booker's shareof the UK grocery wholesaling market, at less than 20%, "was not sufficient to justify the longer-term concerns".

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